End of Year Financial Checklist

As the year draws to a close, it’s the perfect opportunity to assess your progress toward your financial goals. In this episode, we provide a comprehensive year-end financial checklist for physicians, including maximizing retirement account contributions, using pre-tax benefits like Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs), optimizing charitable contributions for tax deductions, adjusting tax withholdings to reflect your current income, and rebalancing investment portfolios to align with your long-term goals. Learn about maximizing business expenses, reviewing your investment portfolio, considering tax-loss harvesting, and conducting a year-end review of your financial plan. Tune in now for actionable strategies that will help you finish the year strong and set purposeful financial goals for the year ahead.

[00:02:42] Managing Sick Days as Physicians
[00:09:49] End of Year Financial Checklist
[00:24:24] Maximizing Charitable Giving with Donor-Advised Funds
[00:25:24] Rebalancing Your Investment Portfolio
[00:26:53] Maximizing Business Expenses for Tax Benefits
[00:28:15] Planning for Holiday Expenses and Bonuses
[00:29:42] Setting Financial Goals for the New Year
[00:30:22] Introducing the BOOST Program: Learn to Negotiate, Earn More, and Live the life you desire
[00:35:07] Brittne Hires an Interior Designer for a Home Makeover

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🎉This episode is sponsored by PKA Insurance Group, Inc. - Helping you find the best value with personalized insurance solutions. Reach out to PKA Insurance Group to discuss your disability or life insurance needs by calling +1 800-258-1018 or emailing info@pkainsurance.com.

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